JLB & Associates Inc. reduced its stake in Coca-Cola Co. (NYSE:KO) by 8.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,655 shares of the company’s stock after selling 1,544 shares during the period. JLB & Associates Inc.’s holdings in Coca-Cola were worth $800,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Douglas Lane & Associates LLC bought a new stake in shares of Coca-Cola during the first quarter worth $5,755,000. Quantitative Systematic Strategies LLC boosted its stake in shares of Coca-Cola by 53.0% in the first quarter. Quantitative Systematic Strategies LLC now owns 16,954 shares of the company’s stock worth $789,000 after buying an additional 5,876 shares during the period. Vicus Capital boosted its stake in shares of Coca-Cola by 91.9% in the first quarter. Vicus Capital now owns 9,555 shares of the company’s stock worth $443,000 after buying an additional 4,576 shares during the period. ST Germain D J Co. Inc. boosted its stake in shares of Coca-Cola by 8.6% in the first quarter. ST Germain D J Co. Inc. now owns 8,181 shares of the company’s stock worth $380,000 after buying an additional 650 shares during the period. Finally, Lincluden Management Ltd. boosted its stake in shares of Coca-Cola by 0.4% in the first quarter. Lincluden Management Ltd. now owns 70,996 shares of the company’s stock worth $3,294,000 after buying an additional 305 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.
Coca-Cola Co. (NYSE:KO) remained flat at $41.73 during mid-day trading on Monday. The stock had a trading volume of 8,983,623 shares. The firm has a market capitalization of $180.11 billion, a P/E ratio of 24.01 and a beta of 0.59. The firm has a 50 day moving average price of $42.73 and a 200 day moving average price of $44.44. Coca-Cola Co. has a 1-year low of $40.75 and a 1-year high of $47.13.
Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. The firm earned $11.50 billion during the quarter, compared to analyst estimates of $11.69 billion. Coca-Cola had a return on equity of 32.78% and a net margin of 17.61%. Coca-Cola’s revenue was down 5.1% compared to the same quarter last year. During the same period last year, the business posted $0.63 earnings per share. Equities analysts expect that Coca-Cola Co. will post $1.91 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.35%. Coca-Cola’s dividend payout ratio (DPR) is presently 80.46%.
A number of brokerages recently weighed in on KO. Susquehanna restated a “hold” rating on shares of Coca-Cola in a research note on Sunday, July 17th. Goldman Sachs Group Inc. set a $46.00 target price on Coca-Cola and gave the company a “neutral” rating in a research report on Tuesday, July 12th. SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Coca-Cola in a research report on Sunday, July 31st. Zacks Investment Research lowered Coca-Cola from a “hold” rating to a “sell” rating in a research report on Monday, August 1st. Finally, Vetr raised Coca-Cola from a “buy” rating to a “strong-buy” rating and set a $49.32 target price on the stock in a research report on Tuesday, August 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. Coca-Cola currently has an average rating of “Hold” and an average price target of $46.50.
Coca-Cola Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
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